Bank fraud in the UK has risen to such an alarming level that it's come to national attention. Hey and thanks for tuning in, Holly Shields here for Kalkine Media.
*PSR revealed that between July and September this year, they received over 4400 complaints about scams and fraud, which upheld more than 60% in the consumers’ favour.
*According to the Financial Ombudsman service, one-third of the authorised scam complaints that it has received are about customers ordering online who have not received the goods and services.
*Recently, the PSR announced that the UK Treasury will introduce new laws to provide the mandatory reimbursement for scam victims, as currently victims receive reimburse if banks decide to do so.